Universal Recycling Expansion
Fills Northpoint’s Building II
FORT WORTH Universal Recycling Technologies LLC, still marking its first year at Northpoint Trade Center, has leased the 19,800-sf balance of Building II. The national recycling organization has become the warehouse's largest tenant with the quick-moving deal.
Todd Lambeth, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services, represented the landlord, Bel Air Industrial LLC, in the talks, which went full circle in less than 30 days. Tim Vogds of CB Richard Ellis represented the tenant, who signed a lease that runs co-terminus with its existing long-term pact at 731 Eight Twenty Blvd. in Fort Worth.
The deal's sweet spot is the available space was dead storage area and contiguous to Universal Recycling Technologies' 20,000 sf in the 100,500-sf warehouse. "We were lucky we had the space. It really worked out well for everyone," Lambeth says.
Privately owned Universal Recycling Technologies, based in Janesville, Wis., operates seven recycling facilities in the U.S. and a customer service center in Endicott, N.Y.
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